Is This A Bottom & Reversal?

You'll see extremely popular brands like Graco, Sharpie, First Alert and Contigo.

This stock basically was cut in half over the past 12 months.

The 52 Week High stock price is $47.53 set on Wed, Sep 6, 2017.

The 52 Week Low stock price is $22.60 set on Fri, Jun 1, 2018.

Y Tho?

Mainly it was disappointing earnings.

What I have highlighted is the sideways trading range over the past 6 months.

You'll see that the 2 most recent earnings have seemed to stabilize the stock price.

At this point, sideways is good.

Also, the stock price dipped to a new 52 week low, but relatively quickly ramped back up to the top of the trading range while crossing the 50-day moving average.

This looks like a bottom and possibly the beginning of a reversal.

I am looking for a move to $30 which would be a nice $2.50 profit.

If I am wrong, the stock could move lower to the bottom of the trading range.

Fortunately, this stock pays a 3%+ dividend yield and a strong dividend payout history.

The next big planned announcement is earnings on Friday, Aug 03, 2018.

Maybe NWL will be in a position to beat the lower earnings estimates for an upside surprise.

Mark your calendar!

What do you think about "Is This A Bottom & Reversal?"?

Let me know in the comments section!

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Hello! My name is Tom Adishian and I am the creator and developer of Symbol Surfing. I use this site on a daily basis as a time-saving resource to identify trading and investing ideas. If you have a comment, question or suggestion, contact me.